Analog Devices Buys Rival Chipmaker Maxim
The $8.2 billion deal will create a semiconductor giant with a combined enterprise value of $68 billion and combined revenue of $8.2 billion.
Major US Automakers Plan to Return to Work May 18
The companies say enhanced safety measures will be in place.
Strings Attached: Guidelines for Seeking Coronavirus Relief Funds
Businesses should be prepared to go through a rigorous process, and in some cases should expect to give up ownership stakes.
Fiat Chrysler Proposes Merger With Renault
The combined company is poised to become a leader in the race for developing electric and autonomous vehicles.
Ford to Cut 1,400 Jobs in Profitability Push
The automaker has been "under pressure to get specific about cost cuts” amid investor concern over its stock price.
GM’s Q1 Profit Hits Post-Bankruptcy Record
The results "demonstrate the strong earnings power of this company,” CEO Mary Barra says as profits soar 33% to $2.6 billion.
Ford’s Profit Dips 35% on Increased Costs
"Basically, the cost increase for the full year has happened in the first quarter," CFO Bob Shanks says.
GM Halts Venezuela Production as Plant Seized
The seizure of GM's only Venezula factory "was granted and enforced in total disregard of [GM's] right to due process," the company says.
Ford’s Heavy Spending to Cut Into 2017 Profit
Ford is hoping its investments in new technologies will help it "expand beyond its core auto-making business and enter new transportation-related services."
GM Hits Record Profit But Expects Flat Growth
The automaker's stock falls 4.7% even though it reported record sales of $166 billion and earnings per share of $6.00 for 2016.
Ford Swings to $783M Loss on Special Charges
The company's fourth-quarter performance was particularly strong in Europe, where Ford earned $166 million, up 27% from a year ago.